Nestle has confirmed it is in talks about a possible takeover of Chinese confectionery company Hsu Fu Chi.
The world’s largest food maker said yesterday (4 July) that it was “engaged in preliminary confidential discussions” with the Chinese firm. Nestle declined to comment further.
Go deeper with GlobalData
In a notice to the Singapore Stock Exchange, Hsu Fu Chi had said yesterday (4 July) that it was in “preliminary discussions” in relation to a “possible transaction relating to the company, which may or may not lead to an offer being made”.
In an earlier statement, Hsu Fu Chi said that it had “long been pursuing strategic talks with potential confectionery partners” as part of the “sustained development of the enterprise and its brands”.
It said that “interactive contacts” had been conducted with counterparts from Japan, Europe and the US for years under a continued policy.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
